In a compelling news development, Fred Nel MPL, the DA Gauteng Shadow MEC for Roads and Logistics, has brought attention to the Gauteng Provincial Government's pursuit of financial solutions for the scrapping of e-Tolls. This revelation was unveiled during the budget speech delivered by Gauteng MEC for Finance, Jacob Mamabolo, earlier this week.

Nel emphasizes Mamabolo's announcement of the government's intention to secure a loan or loans from financial institutions to fund the removal of e-Tolls. The ambitious target, set for March 31, 2024, hinges on the successful acquisition of these loans, introducing a level of uncertainty that Nel is keen to highlight.

In the absence of secured funding, Nel stresses the potential need for the Gauteng government to reassess its strategy, underscoring the dynamic nature of the situation. The financial intricacies involved in this endeavor are of particular concern, with Nel urging for increased transparency in how the provincial government plans to service the substantial debt incurred, currently estimated at a minimum of R18 billion, excluding interest.

Negotiations between the government and SANRAL for an additional R4.1 billion towards freeway maintenance are ongoing, contributing to the overall debt commitment. Nel raises critical questions about the clarity of the provincial government's stance on writing off historical e-toll debts and the continued liability of motorists for their outstanding e-toll balances.

Fred Nel MPL criticizes the lack of financial foresight, highlighting that Premier Panyaza Lesufi's commitment to resolving the e-Toll issue is overshadowed by the absence of secured funding. The potential for a double financial impact on Gauteng residents is a pressing concern for Nel, who stresses the need for urgent resolution to prevent further tax burdens on the population, even after the e-toll gantries are deactivated.